Financials ABIST Co.,Ltd.

Equities

6087

JP3122480001

Business Support Services

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
3,190 ^JPY	+0.95%		+2.57%	+4.59%

Feb. 14	ABIST Co.,Ltd. Provides Year End Dividend Guidance for the Year Ending September 30, 2024	CI
2023	ABIST Co.,Ltd. Announces Dividend for the Fiscal Year Ended September 30, 2023, Payable on December 25, 2023 and Provides Dividend Guidance for the Fiscal Year Ending September 30, 2024	CI

Valuation

Fiscal Period: September	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	16,715	10,439	11,868	11,509	11,004	12,695	12,695	-
Enterprise Value (EV) ¹	12,965	8,292	8,901	7,969	7,203	12,695	12,695	12,695
P/E ratio	15.6 x	11 x	85 x	17.2 x	30.2 x	17.4 x	21.5 x	18.1 x
Yield	2.24%	3.89%	3.42%	3.53%	3.69%	3.2%	3.2%	3.2%
Capitalization / Revenue	1.91 x	1.14 x	1.28 x	1.28 x	1.18 x	1.34 x	1.26 x	1.16 x
EV / Revenue	1.91 x	1.14 x	1.28 x	1.28 x	1.18 x	1.34 x	1.26 x	1.16 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	19.8 x	-8.48 x	12.2 x	41.4 x	16.5 x	21.3 x	24.8 x	22 x
FCF Yield	5.06%	-11.8%	8.21%	2.42%	6.07%	4.69%	4.03%	4.55%
Price to Book	3 x	1.72 x	2.06 x	1.87 x	1.79 x	-	-	-
Nbr of stocks (in thousands)	3,980	3,980	3,980	3,980	3,980	3,980	3,980	-
Reference price ²	4,200	2,623	2,982	2,892	2,765	3,190	3,190	3,190
Announcement Date	11/13/18	11/13/19	11/11/20	11/10/21	11/9/22	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	8,761	9,128	9,265	9,021	9,362	9,500	10,100	10,900
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	1,598	1,296	831	439	737	740	900	1,050
Operating Margin	18.24%	14.2%	8.97%	4.87%	7.87%	7.79%	8.91%	9.63%
Earnings before Tax (EBT)	1,553	1,351	373	1,003	675	-	-	-
Net income ¹	1,072	949	139	669	364	730	590	700
Net margin	12.24%	10.4%	1.5%	7.42%	3.89%	7.68%	5.84%	6.42%
EPS ²	269.5	238.5	35.09	168.3	91.48	183.4	148.3	175.9
Free Cash Flow ¹	845.6	-1,231	974	278	667.7	595	511	578
FCF margin	9.65%	-13.49%	10.51%	3.08%	7.13%	6.26%	5.06%	5.3%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	78.88%	-	700.72%	41.55%	183.43%	81.51%	86.61%	82.57%
Dividend per Share ²	94.00	102.0	102.0	102.0	102.0	102.0	102.0	102.0
Announcement Date	11/13/18	11/13/19	11/11/20	11/10/21	11/9/22	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September	2019 S1	2020 S1	2020 Q4	2021 Q1	2021 Q2	2021 S1	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 S1	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2
Net sales ¹	4,452	4,688	2,314	2,319	2,197	4,516	2,172	2,333	2,360	2,311	4,671	2,292	2,399	2,364	2,337	2,393	2,452	2,450	2,477
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	691	525	144	232	70	302	35	102	233	139	372	160	205	243	164.2	133	185	200	201
Operating Margin	15.52%	11.2%	6.22%	10%	3.19%	6.69%	1.61%	4.37%	9.87%	6.01%	7.96%	6.98%	8.55%	10.28%	7.02%	5.56%	7.54%	8.16%	8.11%
Earnings before Tax (EBT)	707	496	-	284	-	383	453	-	275	-	336	150	-	245	-	-	-	-	-
Net income ¹	471	332	-287	200	45	245	301	123	177	-17	160	90	114	166	298.8	84	127	130	137
Net margin	10.58%	7.08%	-12.4%	8.62%	2.05%	5.43%	13.86%	5.27%	7.5%	-0.74%	3.43%	3.93%	4.75%	7.02%	12.78%	3.51%	5.18%	5.31%	5.53%
EPS	118.4	83.60	-	50.34	-	61.68	75.72	-	44.71	-	40.42	22.48	-	41.81	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	5/14/19	5/13/20	11/11/20	2/10/21	5/12/21	5/12/21	8/6/21	11/10/21	2/9/22	5/11/22	5/11/22	8/10/22	11/9/22	2/10/23	5/10/23	-	-	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: September	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	3,750	2,147	2,967	3,540	3,801	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	846	-1,231	974	278	668	595	511	578
ROE (net income / shareholders' equity)	20.7%	16.3%	2.4%	11.2%	5.9%	11.3%	8.6%	9.7%
ROA (Net income/ Total Assets)	23%	17.5%	10.1%	7.45%	4.34%	8.6%	9.5%	10.8%
Assets ¹	4,652	5,433	1,371	8,977	8,395	8,488	6,211	6,481
Book Value Per Share	1,401	1,523	1,450	1,543	1,546	-	-	-
Cash Flow per Share ²	319.0	306.0	109.0	215.0	135.0	234.0	186.0	214.0
Capex ¹	64.9	2,138	239	148	63	250	150	150
Capex / Sales	0.74%	23.42%	2.58%	1.64%	0.67%	2.63%	1.49%	1.38%
Announcement Date	11/13/18	11/13/19	11/11/20	11/10/21	11/9/22	-	-	-

¹JPY in Million²JPY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for ABIST Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

3,190 JPY

Average target price

3,600 JPY

Spread / Average Target

+12.85%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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Design Services